C-V-P
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J.
What are the components of C-V-P and what are these fixed and variable expenses all about?
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- Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.How does the length of the time horizon affect the classification of a cost as fixed or variable? What is the meaning of short run? Long run?Describe how total variable costs and unit variable costs behave with changes in the level of activity
- Is there a difference between relevant costs and incremental costs? ExplainWhat are “initial direct costs” and how are they accountedfor?a.Variable costs in the context of cost-volume-profit (CPV) analysis? b. Fixed costs in the context of CPV analysis? c. Contribution margin in the context of CPV analysis?
